Lake Arrowhead, WI is a quaint community nestled in the Northwoods. It offers its residents a charming small-town atmosphere with plenty of local businesses and amenities. Two bedroom rent in Lake Arrowhead is quite affordable at only $840 compared to the US average of $1,430 for the same type of unit. The cost of groceries is also lower in Lake Arrowhead than the national average, making it an ideal place for those looking to stretch their budget. Local businesses include grocery stores such as Pick N' Save and Walmart, restaurants like The Log Cabin on Pine Island Lakeshore, and entertainment venues like the Wabeno Theater. There are also many great parks and trails within Lake Arrowhead that are perfect for fishing, hiking, biking, and more.
Lake Arrowhead has an unemployment rate of 8.3%. The US average is 6.0%.
Lake Arrowhead has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Lake Arrowhead
- The Sales Tax Rate for Lake Arrowhead is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Arrowhead is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Arrowhead
- The average income of a Lake Arrowhead resident is $43,265 a year. The US average is $37,638 a year.
- The Median household income of a Lake Arrowhead resident is $78,083 a year. The US average is $69,021 a year.